Terms & Conditions
- Application for allotment of apartment should be made on the prescribed application form duly signed by the applicant along with the Earnest money. The Company has the right to accept reject any application without assigning any reason there to:
- On acceptance of an application, the Company will issue an allotment letter to the applicant on the receipt of which the applicant/allotee shall start making payment as per schedule of payment in this brochure. Allotment of apartment are made on first come first reserve basis.
- Payment of earnest money, installment, car parking cost, additional works & other changes shall be made by Bank Drafts or Pay Order against which respective receipts will be issued. Bangladeshis, residing abroad may remit payment in foreign exchange by TT or DD.
- Payments of installments & all other charges are to be made on due date. The Company may issue reminders to the allotee but not withstanding the issue of reminder, the allotee must adhere to the schedule of payment to ensure timely completion of construction.
- Delay in payments beyond the due date will make the allottee liable to pay a delay charge of 3% per 30 days on the amount of payment delayed. If the payment is delayed beyond 60 days, the Company shall have the right to cancel the allotment without notice to the allottee. In such an event the amount paid by the allottee will be refunded after deducting the Earnest money.
- Connection fees/charges, security deposits & other incidental expenses relating to gas, water, sewerage & electricity connections have not been included in the price of apartments. These payments will be made by the Company directly to the authority concerned in favor of allotee’s account. The allotee will be billed proportionately on actual cost basis.
- Limited changes in the specifications, design and/or layout of the apartment & other facilities may be made by the company in larger overall interest or due to unavoidable reason.
- The possession of each apartment shall be duly handed over to the allotee on completion & on full payment of installments & other charges. Till the possession will rest with the Company.
- The allotee will pay stamp duties, Registration fees, Value added tax, documentation charges & other miscellaneous charges, taxes & expenses to be incurred in connection with the deed of conveyance [sale deed] only the actual sums shall be charged.
- stration, the flat owner, irrespective of the floor becomes the proportions owner of the land on which the building is to be constructed.
- Should the purchaser be wanting to avail loan from any financials institutes the Company will do all that is possible to help secure the loan. However the final decision regarding the sanction of loan rests with the financial institution & with the Compliance of their requirements. All the necessary paper for sanctioning the loan must be the purchaser & he/she must attend the Registration office for the registration the mortgage deed. Irrespective of the loan being sanctioned or not, the client will be liable to pay as per schedule installments.
- After taking over of apartment of project, the allottes[s] must consult the Company prior to undertaking any structural or layout changes within the apartment complex. Failure to do so will be at the sole risk of the allottee.
- The completion period of the construction of the project can be affected by unavoidable circumstances beyond the control of the Company, like force majeure, natural calamities, political disturbance, strikes & changes in the fiscal policy of the country etc.
- For the management of common facilities likes the supply of electricity, water & sewage & the maintenance of the building etc. Owner’s association will be formed. All allottees, after full payment of installments & dues must become members of the Association for the common interest. Each allottee [for each allotment of the project apartment] must initially deposite tk. 25,000/- only in the resource fund for the management of the complex.
- All kind of payment must be made either by Bank Drafts or Pay order in favor of Trinity Developments Limited.
